LU 2 ML Bailments

Front

What is the definition of Bailment?

Back

Transfer of possession of property without title

Front

Which of the following is NOT a characteristic of Bailments? Sale, Ownership transfer, Transportation, Storage

Back

Ownership transfer

Front

Who is the Bailor in a Bailment?

Back

Person who retains ownership and transfers possession

Front

Which of the following is NOT a party to the Bailment? Bailor, Bailee, Seller, Bailment

Back

Seller

Front

What is the role of the Bailor in a Bailment?

Back

Transfers possession

Front

Who benefits in a bailment for the sole benefit of the bailee?

Back

The bailee

Front

In a bailment for the sole benefit of the bailor, what is the bailee required to exercise?

Back

Slight Care

Front

What is the nature of the transaction in a bailment for the sole benefit of the bailee?

Back

Borrowing or lending

Front

Who must warn the bailee of any defects or hazards in a bailment for the sole benefit of the bailee?

Back

The owner/bailor

Front

Which type of bailment involves both parties benefiting?

Back

Mutual Benefit Bailment